tomo logo

$4,300,000

Beds
21
sq ft
15,606

161 S St Andrews Pl, Los Angeles, CA 90004

161 S St Andrews Pl

Los Angeles, CA 90004

  • 616 days on market
    • Price drop $100,000↓
*DO NOT DISTURB TENANTS. We are pleased to offer for sale a 21-unit apartment community located at 161 South St Andrews Place. The subject property is located just south of Beverly Boulevard, three blocks away from Larchmont Village - one of LA's most distinct and well-regarded neighborhoods. The property is comprised of one three story building, situated on an 8,490 square foot parcel. Consisting entirely of one-bedroom units, the layouts are spacious and feature patios (86% of units), A/C units and on-site parking for every unit. The asset's location along with the value-add potential for a new owner make 161 South St Andrews an excellent acquisition opportunity.

Details

Property type

Lot size

8,490 sq ft

Price per sq ft

$276

Year built

1971

HOA

No

Price History

09/16/2024
CLAW

CLAW #23232447

Price change
$4,300,000
-2.27%
06/19/2024
CLAW

CLAW #23232447

Price change
$4,400,000
-3.3%
06/19/2024
CLAW

CLAW #23232447

Listed
$4,550,000

Schools & Community

Neighborhood: 

Mid Wilshire

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Washington Mutual Bank Fa

Loan start date

January 2002

Original loan amount

$500,000

Est. remaining balance

Not provided

Interest rate

7.09%

Loan type

Commercial, 30 year

Seller

Reiko Kitasono Durwood and Todd Durwood

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/21/2024 at 8:25 AM

Listing updated: 09/16/2024 at 9:49 AM

Listed by: Sean Rosenzweig, Marcus & Millichap Phone #: (310) 909-5500

MLS: CLAW #23232447

CLAW logo

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